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Real Estate Deal Analysis & Advice

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Jeff Overstreet
  • Southaven, MS
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30 year multi-family loans

Jeff Overstreet
  • Southaven, MS
Posted Oct 18 2017, 14:22

I have the opportunity to buy a apartment complex for $1,500,000. The broker said he had a commercial banker that would give the following deal: 10 yr fixed/30 yr amm- 80% LTV at 4.65%.

I have over 50 units, but they are all on a 15 year amortization. Does anyone have experience with 30 year amortization loans on larger projects such as this one. Is that wise? The excess cash flow will be over $10,000 per month.

Thanks,

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